Deutsche Bank AG Reaffirms “Hold” Rating for J Sainsbury plc (SBRY)
Deutsche Bank AG reissued their hold rating on shares of J Sainsbury plc (LON:SBRY) in a research report sent to investors on Wednesday morning, MarketBeat reports. The firm currently has a GBX 300 ($4.04) target price on the grocer’s stock.
SBRY has been the topic of a number of other reports. Credit Suisse Group reaffirmed an outperform rating and issued a GBX 320 ($4.31) price target on shares of J Sainsbury plc in a research note on Tuesday, August 29th. HSBC Holdings plc lowered their price target on J Sainsbury plc from GBX 205 ($2.76) to GBX 200 ($2.70) and set a reduce rating on the stock in a research note on Tuesday, June 20th. Shore Capital reaffirmed a buy rating on shares of J Sainsbury plc in a research note on Tuesday, August 22nd. Barclays PLC lowered their price target on J Sainsbury plc from GBX 260 ($3.51) to GBX 240 ($3.24) and set an equal weight rating on the stock in a research note on Friday, September 1st. Finally, BNP Paribas reaffirmed a neutral rating and issued a GBX 250 ($3.37) price target on shares of J Sainsbury plc in a research note on Wednesday, September 13th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of GBX 266.36 ($3.59).
J Sainsbury plc (LON SBRY) opened at 233.30 on Wednesday. The company’s market capitalization is GBX 5.09 billion. The stock’s 50 day moving average price is GBX 240.22 and its 200-day moving average price is GBX 256.78. J Sainsbury plc has a 52-week low of GBX 224.10 and a 52-week high of GBX 283.60.
About J Sainsbury plc
J Sainsbury plc is engaged in grocery-related retailing and retail banking. The Company’s segments include Retailing; Financial services, and Property investments. The Retailing segment is engaged in the operation of supermarkets and convenience. The Financial services segment includes the operations of Sainsbury’s Bank plc (Sainsbury’s Bank).
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